News / International
OPEC divisions again on display heading to Algeria
OPEC, the oil-producing group that consumers worldwide love to hate, is fine tuning its strategy heading into a meeting this week in Algeria, determined that its fourth attempt in as many months to reverse plummeting crude oil prices will succeed. Eni wins bid for Kerzak exploration license in Algeria
Eni has been awarded the Kerzak exploration license, in southwest Algeria, following an international bid round launched by the Algerian National Agency for the Valorization of Hydrocarbon Resources (ALNAFT). Noble Denton snags Middle East contract to provide hose testing equipment
Noble Denton has further extended its reach in the Middle East with the award of a contract for the provision of hose testing equipment by Dunlop Oil and Marine Ltd. sales agents, Petrolcom Oil. Gazprom inks 25-year gas supply, nord stream deal with France
On December 12-13, as part of the cooperation with GDF SUEZ, a Gazprom delegation led by Alexander Medvedev, Deputy Chairman of the Company's Management Committee participated in Paris in the celebrations of the 25-year signing anniversary of the third contract for natural gas supply from Russia to France. Petrochemical production to rise
The Middle East region will increase its share of global petrochemical products to 15 per cent by 2015 from the current nine per cent. TAQA completes major UK Acquisition
Shell U.K. Limited (Shell), Esso Exploration and Production UK Limited, (ExxonMobil), Mobil North Sea LLC (ExxonMobil) and Enterprise Oil U.K. Limited (Shell) have completed the final sale and transfer of a number of northern North Sea assets to TAQA Bratani Limited, a wholly owned subsidiary of Abu Dhabi National Energy Company PJSC (TAQA). Iran ‘seals $14bn Malaysia gas pacts’
Iran and Malaysia have sealed a trio of deals worth a total of $14 billion, covering a liquefied natural gas project, as well the development of the Golshan and Ferdows gas fields, according to reports. Four new refineries in Iraq will be built to meet local demand
Iraq, holder of the world's third- largest crude oil reserves, plans to build four new refineries with a total capacity of 750,000 barrels a day as the country seeks to raise its fuel production to meet local demand. 
